South African Investment Bankers have lauded the Lagos
Business School for hosting the International Executive Development Programme
(IEDP) for the Banking Sector and Training Authority (BANKSETA), held in Lagos
Nigeria.
The five-day programme which started on Monday, June 19,
2017, brought together high potential leaders from the investment banking
sector in South Africa and immersed them into the best practices of the
Nigerian economy, culture and environment.
Thebe Mabiletsa, of Absa Capital, South Africa, commended
the Lagos Business School for hosting them in Nigeria, an experience he said
had broadened the delegation’s horizon on the uniqueness of the Nigerian
economy and market.
He revealed that Nigerian businesses “have created a niche
space in terms of their innovation and expertise which can make them partner
favourably with South African banks as well as other banks on the continent.”
Jared Bleak, Lead Professor/Orchestrator, Duke University,
said that the key learning from the week-long programme was evident in the
prospects for Nigerian banks becoming more international and how they could
collaborate with other markets on the continent and even the rest of the world.
“The internationalisation of Nigerian banks is happening, and even the South
African groups here have learned from the economy and possibly thinking about
partnerships,” he stated.
He commended the Lagos Business School for exposing the team
to a fast emerging market on the African continent, as well as the warm
reception.
Dr Franklin Ngwu, Senior Lecturer, Strategy, Finance and
Risk Management, Lagos Business School, remarked that it was a great feat
helping the South African Investment bankers to understudy the Nigerian
financial sector to see areas of opportunity, investment and collaboration with
the two countries. “We have exposed them to both the formal and informal
aspects of the economy and we envisage a possible cooperation and investment between
the two economies,” he said.
CEO of the Nigerian Stock Exchange (NSE) Mr Oscar Onyeama
commended the Lagos Business School for the IEDP initiative, he stated that
opportunities such as this affords the stock exchange an avenue to share
relevant information which boosts confidence in the Nigerian capital markets
and in turn the Nigerian economy.
Dr. Enase Okonedo, Dean, Lagos Business School, expressed
appreciation to all organisations that welcomed the LBS/IEDP-BANKSETA
participants during their tour for showing support during the programme and
wished the South African bankers a safe trip back home.
Some of the activities included visits to the International
Centre for Commerce (ICC) Balogun Market, Lagos; NIKE Art Gallery; SLOT Systems
Limited; Computer Village, and interactive sessions with Afri Invest, Ecobank
and Fintech CEOs (Konga, Venture Garden, Interswitch etc.) Also included in the
activities was a visit to the Nigerian Stock Exchange (NSE), where they got an
expose into the Nigerian economy, the capital markets and participated in the
activities of ringing the closing bell on the NSE trading floor. The
participants were given adequate exposure to the Nigerian economy, culture and
environment.
Banking Sector Education and Training Authority (BANKSETA)
is a South African statutory body interested in promoting knowledge and skill
acquisition in the financial sector.
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